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Real Estate & Property Law

: Law of the Land

NJ Appeals Court Finds Seller Has Standing to Bring Challenge to Use Variance Denial Where Sale was Conditioned on Variance to Allow for Low Income Housing

By Patty Salkin

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Contract purchaser Richman Group entered into contract with Campus Associates to purchase their property to construct affordable housing units for a low income housing tax credit program.  Terms of the contract provided that Richman would purchase the property after they applied for, and were granted, the development approval.  The Zoning Board of Adjustment of Hillsborough [...]

Full post as published by Law of the Land on September 13, 2010 (boomark / email).

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